Posts Tagged ‘AVEMCO’

The Avemco Insurance Company has released a new advertisement in AOPA Pilot depicting a man in a suit falling out of the sky. The text reads “We got rid of the middleman” and correctly states that Avemco is the only direct aircraft insurer. This silly ad creates quite the visual, however, there are several reasons why it’s important to have that insurance middleman in your life!

Competition

Why contact a direct insurance underwriter when you can have over 18 carriers competing for your business-all with one call? The ultimate benefit of this competition is the price. You are more likely to obtain a lower premium when requesting quotations from 18 companies versus just one. Avemco sets their own rates. While the employee you speak to has the simple authority to provide a quotation, they can only supply one quote. An aviation insurance broker does the work for you-obtaining competitive rates from multiple insurance carriers. More options equal more savings!

Choices

As stated above, Avemco can supply only one quote and therefore one set of policy terms. Access to multiple carriers creates more flexibility in policy conditions. For example, most pilots transitioning into new aircraft are required to complete some dual instruction or formal manufacturer training which can be costly. Training requirements vary by underwriter and the pilot can pick the policy that has the training requirements that best fits his or her needs. Other options that vary from carrier to carrier would be available liability limits or the open pilot warranty.

Change

The aviation industry is ever-changing and it is important to have an insurance policy that changes with it. Most insurance carriers have adapted a “per passenger” policy form. Meaning the sub-limits on the liability portion of your policy are limited to passengers only. Avemco still uses a below standard policy form, their sub-limits are written on a “per person” basis. Therefore, anyone injured inside or outside of the aircraft are limited to only $100,000! In addition, thanks to the many aviation insurance carriers in the market, it is possible to obtain a policy without a sub-limit, also known as “smooth limits”.

Call

We challenge you to see the results a middleman can provide! At Aviation Insurance Resources (AIR) all our agents are pilots so we understand your needs as a pilot and aircraft owner. The graphics below say it all-our efforts will save you both time and money. Call our agent and pilots at 877-247-7767 or click here to request a quote online to start saving today!

As an aircraft owner, it is highly likely your name and address has been plucked off of the FAA database for a variety of aviation-related mailing blasts. Often it can be hard to sort through the facts and fiction sold in these solicitations. We recently received a letter from Avemco Insurance Company that we wanted to review with you.

The following are excerpts from a recent mailing. While the items listed are all valid points that are important to the consumer, they are not Avemco-exclusive policy provisions. The Avemco statements referenced have been copied word for word from a letter dated 10/19/15. Let’s take a closer look together:

Life is busy! While most pilots are responsible, detail oriented individuals, important due dates can slip away from us. Luckily, most insurance carriers will still pay your claim in the event of an accidental lapse of an FAA requirement (such as your medical, annual inspection or flight review). That being said, it is important to remember that when you sign an aircraft insurance application you are attesting to the terms and conditions laid out, Avemco or otherwise.

2. Avemco connects you directly with an Aviation Insurance Specialist in our Frederick, MD home office empowered to approve coverage and solve problems.

While Avemco connects you to a company employee, Aviation Insurance Resources (AIR) takes this a step further. Our knowledgeable agents are all pilots! While Avemco representatives can approve coverage (limited by their level of authority) on the phone, we advise an insured prior to talking to the underwriter and discuss the best course of action for your specific needs. AIR works on your behalf, not the insurance company’s.

3. Avemco can give you a personalized quote and even insure you in one phone call.

Avemco can provide one aircraft insurance quote with a phone call because they have the ability to set their own rates. At AIR, we shop all of the major carriers competitive for your unique situation to provide you with the broadest coverage at the lowest available rate. We do not lock you in to just one number and one set of terms. Generally, AIR can provide you with a quote and coverage the same day and at a lower rate than Avemco.

While Avemco promotes their ability to change a policy online, we like to provide you with a personal touch. We are thrilled to pick up the phone and discuss your needs pilot to pilot. In the event a phone call is not convenient for you, you can expect a prompt response from one of our agents via email. We like technology, too, and offer streamlined customer service online! Many applications and forms are available on our website, including portholes to update contact and pilot history information. You can also make your payment online!

5. Safe pilots can save up to 25% on their Avemco annual premium: Save for completing a FAASTeam WINGS course. Save for getting Avemco-recognized recurrent training or a new rating. Save for having an Instrument Rating. Save for hangaring your airplane.

Flying safe is beneficial to you and your loved ones, and to your aircraft insurance rates as well! Aviation insurance policies quoted by AIR may contain a combination of the discounts listed in the above Avemco solicitation. Discounts for FAASTeam WINGS courses and being claims free are available for both owned and non-owned policies! An instrument rating, new ratings, recurrent training, as well as hangaring your aircraft can offer additional savings! Several policies contain extra benefits and discounts for AOPA and EAA members that are not even offered by Avemco.

Line by line it is proven that AIR can offer everything that Avemco claims, plus more! So why involve the middle man? We are pilots looking out for your interest and service with integrity is our priority! Purchasing an aircraft takes time and research. With just two phone calls (Avemco and AIR) you will be provided with all available aircraft insurance quotes from the major markets to make an educated decision. We are so confident in our ability to serve you, we encourage you to call Avemco, our competitor!

It’s simple, really. Having more options within a market creates competition which drives down prices. This same statement can be applied to the aviation insurance industry. For years, one direct writer dominated the aviation insurance market, charging premiums that best fit their own bottom line. Why not take advantage of the competition and save an average of 70%* on your aircraft insurance through Aviation Insurance Resources (AIR)?

One call to AIR gives you access to all major aviation insurance markets. We shop all of the underwriters that are competitive for the type of flying you do and the coverages that you require. In addition, AIR is licensed nationwide (all 50 states) to better serve your needs.

We can produce multiple options for most aircraft types. Our quote comparisons with AVEMCO have shown that by shopping with AIR, pilots enjoy significant savings on their aircraft insurance. We’ve seen a difference of 107% on Cessna 172s and over 122% on a Piper Lance simply by exploring your options! Don’t believe us? Let the chart of actual recent quotes below speak for itself…or give us a call for your quote!

Not only does soliciting the market produce savings, more options can better provide you with a policy that meets your specific needs; not locking you into the guidelines of just one carrier. For example, this allows an aircraft owner flexibility and discounts when it comes to annual training, claims free experience and AOPA membership.

All of the aviation insurance agents at AIR are pilots, so we understand the operating costs involved in owning an aircraft. We want to help by making the insurance shopping process effortless for you. To start saving on your aviation insurance, call 877-247-7767 or complete an online quotation request today! You can also follow AIR on Facebook, Twitter, LinkedIn, and Google+.

*The above quote comparisons are actual recent quotes using the same pilot information and coverages for all companies. These actual quote samples resulted in an average of 70% savings overall.

We invite you to explore your options in aviation insurance. AVEMCO advertises that they are the only direct writer of aircraft insurance available within the United States which is true. However, calling an aviation specialist like Aviation Insurance Resources (AIR) will guarantee your interests will be represented-not the insurance company’s interests.

With one call to AIR, you will gain access to all the insurance markets competitive in your type of aircraft insurance risks. This in turn offers more options in aircraft coverage and pricing to meet your specific needs; not locking you into the guidelines of one carrier.

The decision to purchase an aircraft takes time and research. Save time (and money) with one call to AIR. We will do the aircraft insurance research for you! As fellow aircraft owners, AIR understands your needs and challenges in owning an aircraft. We know that not every situation is the same, so we will not limit you to cookie cutter insurance policies.

We invite you to explore your options in aviation insurance. You don’t have to limit yourself to one direct writer of insurance such as AVEMCO. Broader coverage is available to you today!

The fact is, if your policy is written on a “per person” instead of a “per passenger” basis, you have below the industry standard in coverage! The majority of insurance companies today write their policies on a “per passenger” policy form. Over recent times, aviation insurance policies have favored more “inclusive” language at affordable premiums thanks to increased competition. Insurance companies have had to increase policy benefits at competitive prices-Great news for the aircraft owner!

However, as they say, “Buyer Beware!” There are still some old fashion insurance companies that feel they can get by with a “per person” policy limit banking on the consumer simply looking at the bottom line price. The truth is, superior coverage is readily available at surprisingly competitive premiums!

Aviation Insurance Resources is an industry leading aviation insurance agency that has access to all the major aviation insurance markets. All of our agents are pilots so we understand the aviation industry’s needs. We strive to provide the best policy at the best premium in every situation.